Industry News: Moving metal a fast-changing game

This story first appeared in the February issue of AutoTalk – CLICK HERE to download the magazine FREE

In an age where hybrid and electric vehicles are no longer considered oddities, and with autonomous vehicles on the horizon, the car as we know it is undergoing its most significant transition in 100 years.

It is fitting, then, that 2017 will mark the 100th anniversary of the North American Dealer Association (NADA), the United States body for vehicle retailers.

NADA’s suitably elaborate annual conference was held in New Orleans, and focussed firmly on the ways we market, sell and service vehicles. Unsurprisingly, that side of the industry is also undergoing its own shift in traditional thinking. Continue reading “Moving metal a fast-changing game” »

This story first appeared in the February issue of AutoTalk – CLICK HE ...

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Industry News: Colonial reports record profit

Colonial Motor Company has posted a record after tax profit of $10.27 million for the six months to December 2016.

That is up 8.9% on the previous year’s result, the company’s half-yearly report to the NZX says.

Overall operating revenue was just over $438 million – on par with the previous year’s result. Continue reading “Colonial reports record profit” »

Colonial Motor Company has posted a record after tax profit of $10.27 ...

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Industry News: Land Rover drops Carter as brand ambassador

Land Rover has terminated its relationship with former All Black Dan Carter after he was caught drink driving in France last week.

Carter, who was a brand ambassador for the company, made the announcement on his Facebook page.

“Not surprisingly, Land Rover, who for good reason have zero tolerance towards drink driving, have ended their relationship with me,” he wrote. Continue reading “Land Rover drops Carter as brand ambassador” »

Land Rover has terminated its relationship with former All Black Dan C ...

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Industry News: Lotus pays tribute to 007 connection

Lotus has commissioned a one-off Evora Sport 410 as a tribute to one of its most famous ancestors.

The Lotus Esprit S1 appeared in Bond film The Spy Who Loved Me, with the movie celebrating its 40th anniversary this year.

The anniversary prompted the company to build the one-off Evora, Lotus Group chief executive Jean-Marc Gales says. Continue reading “Lotus pays tribute to 007 connection” »

Lotus has commissioned a one-off Evora Sport 410 as a tribute to one o ...

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Industry News: GM, Lyft join to develop driverless fleet by 2018

General Motors (GM) plans to deploy thousands of self-driving electric cars in test fleets as part of a partnership with ride-sharing affiliate Lyft beginning in 2018.

The joint venture is expected to be the largest test of fully autonomous vehicles (AV) by any major automaker before 2020, according to Reuters.

Most of the specially equipped versions of the Chevrolet Bolt electric vehicle will be used by San Francisco-based Lyft, which will test them in its ride-sharing fleet in several states. Continue reading “GM, Lyft join to develop driverless fleet by 2018” »

General Motors (GM) plans to deploy thousands of self-driving electric ...

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Industry News: New Kia Soul released

Kia’s latest foray into the SUV segment has been launched in New Zealand.

The new Kia Soul 1.6 Turbo delivers delivering 150kW of power and a prodigious amount of torque with 263Nm available.

It has a top speed of 196km/h and can reach 100km/h in about 7.5 seconds. Continue reading “New Kia Soul released” »

Kia’s latest foray into the SUV segment has been launched in New Zeala ...

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Industry News: ACCC swings axe against dealer commission caps

Rod Sims

The Australian Competition and Consumer Commission (ACCC) wants to deny authorisation to 16 insurance companies to agree to a cap of 20% on commissions paid to car dealers who sell their add-on insurance products.

The ACCC considers that the proposed cap is unlikely to result in a public benefit.

The Australian Securities and Investments Commission (ASIC) report, ‘A market that is failing consumers: The sale of add-on insurance through car dealers’, found that consumers are being sold expensive products that often provide little to no benefit. Continue reading “ACCC swings axe against dealer commission caps” »

Rod Sims The Australian Competition and Consumer Commission (ACCC) ...

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Industry News: New cars revving up Kiwi retail sales

New car sales continue to push the volume of total retail trade sales up in New Zealand, with sales rising 1.9% in the December 2016 quarter reports Statistics NZ.

It says motor-vehicles sales led most of the quarterly industry movements over 2016.

“More expensive cars and SUV vehicles are selling well, especially in Auckland, according to comments from car dealers and industry experts,” says business indicators manager Tehseen Islam. Continue reading “New cars revving up Kiwi retail sales” »

New car sales continue to push the volume of total retail trade sales ...

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